Latest / Financial Survival Network / The AI Boom Meets War - Dr. Steve Bonta #6400

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The AI Boom Meets War - Dr. Steve Bonta #6400 · Financial Survival Network

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Speaker 2: And welcome you are listening to and watching the Financial
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Speaker 2: Survival Network. I'm your host Carrie Let's and with us
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Speaker 2: today is doctor Steve Bonta, publisher of The New American magazine.
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Speaker 2: It's great to have you back on, Steven.
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Speaker 3: Wow. We got a lot going on in the world.
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Speaker 2: We have Iran, we have Cuba, we have Venezuela, I mean,
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Speaker 2: you name it. Things are really heating up around the world.
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Speaker 2: What's your take on where we're at right now?
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Speaker 3: Well, as always, this is an interesting planet to inhabit.
1:03
Speaker 3: My take, that's pretty open ended. My take is that
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Speaker 3: things are getting worse. We'd better prepare. And I you know,
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Speaker 3: I think that as we were discussing off air a
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Speaker 3: couple of minutes ago, I think probably the major most
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Speaker 3: consequential event right now is this this absurd you know,
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Speaker 3: and by my mind absolutely senseless negotiation going on with
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Speaker 3: with Iran in the Middle East, which you know, having
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Speaker 3: gone to war with them, going all out attacked them,
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Speaker 3: infuriated them, killed all a lot of their leadership. Now
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Speaker 3: we're negotiating and apparently the old Republican guard with the
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Speaker 3: bad people, but now the I gr RGC, the new
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Speaker 3: Republican these are apparently good people. And the very latest
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Speaker 3: news that's just breaking as that Iran has now announced
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Speaker 3: that they're not going to negotiate anymore with the United
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Speaker 3: States and they're going to shut down straight of horror
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Speaker 3: moves once and for all. So it you know. But
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Speaker 3: the reason this is an issue, quite aside from the
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Speaker 3: death in Mayhem being dealt and in the Middle East,
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Speaker 3: is the fact that time is running out to come
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Speaker 3: to some sort of a resolution. This has been going
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Speaker 3: on since last year, and we've got elections coming up
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Speaker 3: in a few months, and oil prices are still sky high.
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Speaker 3: These things do matter to John Q public and so
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Speaker 3: I think an awful lot of people, myself included a
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Speaker 3: questionable wisdom of going to war with Iran, But now
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Speaker 3: it's looking like just another smelly, inconclusive US military adventurism
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Speaker 3: in the long lines of Vietnam, you know, Vietnam and
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Speaker 3: Korea and previous Middle Eastern ventures that never seemed to
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Speaker 3: come to any conclusion and leave the world worse off
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Speaker 3: than it was before they started, which is hard to.
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Speaker 2: Believe that it could be worse off than before the
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Speaker 2: whole thing started. You know, you could make the argument
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Speaker 2: that the attack on them was justified based on the
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Speaker 2: forty seven years of undeclared or actually they declared war
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Speaker 2: on the United States forty seven years ago, and basically,
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Speaker 2: with a few minor exceptions, the United States did absolutely
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Speaker 2: nothing right.
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Speaker 3: Yes, absolutely, And I mean, I mean, you know, so
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Speaker 3: there is that, and I tend to you know, I
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Speaker 3: may not be a military man myself, but I do
3:22
Speaker 3: know a little bit about general principles of human aggression.
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Speaker 3: And I know, for example, if you're in a street
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Speaker 3: fight and someone says and you get the other person
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Speaker 3: down and he's on the ground, you know, with the
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Speaker 3: bloody faces, I'm gonna kill you if I get up.
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Speaker 3: You don't just oh, okay, Il'll step back. Yeah, I mean,
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Speaker 3: that's you're on, you know, and it makes no sense, okay,
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Speaker 3: And I don't think Trump, I'm sorry, maga people, Trump
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Speaker 3: is not playing four dimensional chess. He doesn't know what
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Speaker 3: he's doing. He's dealing with a group of hardcore religious fanatics.
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Speaker 3: And frankly, we don't have a very good track record
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Speaker 3: in this militantly secular age of ours here in the
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Speaker 3: West understanding those types of people. That's why we got
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Speaker 3: caught flat footed a nine to eleven. It didn't occur
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Speaker 3: to an awful lot of our strategists and so forth
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Speaker 3: that you could actually get people to command deer airplanes.
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Speaker 3: I mean, the hijacking of airplanes was a thing. It's
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Speaker 3: been a thing for a long time. Someone tried to
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Speaker 3: hijack a plane the other day, and the sky's over
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Speaker 3: Wisconsin where I live, so it does happen. But the
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Speaker 3: idea that that you could actually get someone so their
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Speaker 3: brain works so differently that they would be willing to
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Speaker 3: take said hijackplane and fly it into a building, you know,
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Speaker 3: commit suicide. That didn't occur to people because we don't
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Speaker 3: understand the nature of fanatic Islamism. And I don't think
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Speaker 3: we've learned much from in the year since nine and
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Speaker 3: nine to eleven. I mean, we you know, we went
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Speaker 3: went and embarked in that war on terrorism. And we
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Speaker 3: may have put down, you know, the terrorist organization Jujure
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Speaker 3: back in the day, but now there's ISIS in Boca
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Speaker 3: har and all these other insane groups which have more
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Speaker 3: reach and more power now than they did back in
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Speaker 3: two thousand and one. Oh and by the way, the
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Speaker 3: talibanner back in power in Afghanistan too, So there's that,
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Speaker 3: and you know, and so and so. Then we go
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Speaker 3: striding in and then Trump treats this like a like
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Speaker 3: a real estate deal. He's not dealing with Las Vegas
5:19
Speaker 3: moguls here. Okay, this is either just there's a completely
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Speaker 3: different mentality. And whatever else one may say about them,
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Speaker 3: they are fearless because they don't fear death. I mean,
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Speaker 3: that's the thing. And death is a it's a death cult,
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Speaker 3: we call it that. But what does that mean. They
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Speaker 3: believe that death is a is a is a sanctifying thing.
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Speaker 3: If you if you if you die in the course
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Speaker 3: of waging jihad, as the nine to eleven hijackers did, well,
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Speaker 3: this is a good and blessed thing. They honestly believe that.
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Speaker 3: And that goes all the way back to the assassin's
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Speaker 3: cult in the Middle Ages. The Crusaders didn't really understand
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Speaker 3: them as well. They I think they you know, serially
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Speaker 3: underestimate whom they were dealing with. It's part of the
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Speaker 3: reason that the crusading and prize failed so miserably. And so,
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Speaker 3: you know, we have a long long track record in
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Speaker 3: the West of not understanding because we underestimate and just
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Speaker 3: don't comprehend the nature of Islamic culture.
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Speaker 2: Yeah, that really is true. We don't really get it.
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Speaker 2: You would think all these wars, the Crusades, everything else
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Speaker 2: that has happened the rise of Muhammad, people might understand
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Speaker 2: the cultural underpinnings of jihad and what they're really after here, right, Steve,
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Speaker 2: I mean, wouldn't you think they would start picking up
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Speaker 2: on that.
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Speaker 3: Well, the thing is here in the West, we haven't
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Speaker 3: had a religious movement in the Christian world of sufficient
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Speaker 3: vigor where people openly embrace martyrdom since the Middle Ages
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Speaker 3: and Middle Ages and the early Modern periods and so forth.
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Speaker 3: We had people who were you know, would would go
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Speaker 3: to the you know, people like you know, Giordano Bruno
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Speaker 3: and people like that that were willing to be burned
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Speaker 3: up the stake rather than Joan of Arc obviously the
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Speaker 3: canonical example, and many others. This was a pretty frequent thing,
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Speaker 3: even the heretical movements like the Albigensians and you know
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Speaker 3: and so forth. Uh, you know, they they went to
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Speaker 3: there to they were you know, killed in brutal ways
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Speaker 3: in public processions, and they you know, died, you know,
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Speaker 3: glorifying God as their you know, their body parts were
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Speaker 3: ripped off piece by piece. I mean incredible stuff. Well
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Speaker 3: that that level of fanatical devotion is what animates the leadership,
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Speaker 3: so called leadership in Iran. Also the leadership of Hesbalah,
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Speaker 3: by the way, and those leadership of Hamas, and the
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Speaker 3: leadership of Yemen, and on and on and on many
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Speaker 3: other lesser known countries out there in the broader particularly
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Speaker 3: Arabic Uh and Middle Eastern portions of Islam. I don't
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Speaker 3: know if that's necessarily the case of say a country
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Speaker 3: like Malaysia. I've been to Malaysia. I like Malaysia. It
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Speaker 3: is in Muslim country also, but a different type of
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Speaker 3: this in Indonesia. Indonesia as well, though they do of course,
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Speaker 3: they do have their terror cells too, but it's not
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Speaker 3: like that these groups are are bidding fair to take
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Speaker 3: over the government the way they do. For you know,
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Speaker 3: a bit a broad swath from Afghanistan all the way
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Speaker 3: through the Levant and obviously the Maghreb. Yeah, well, it's
8:19
Speaker 3: just and you know, we had our first brush with
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Speaker 3: this back in the Barbary Wars, and you know, the
8:25
Speaker 3: US when we tried to treat with them, they said,
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Speaker 3: in effect, you don't understand. The Quran instructs us to
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Speaker 3: enslave you infidels whenever possible, and that's we're gonna keep
8:36
Speaker 3: keep doing it. And so the only solution that Jefferson
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Speaker 3: and his successors hit upon was, well, we have to
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Speaker 3: go to war with these people. We don't like it. It's distasteful.
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Speaker 3: It goes in the flies in the face of everything
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Speaker 3: we say about, you know, avoiding foreign entanglements and fighting
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Speaker 3: wars overseas. But the fact is it's either that or
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Speaker 3: continually have our shipping menaced by these people who do
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Speaker 3: not acknowledge the standards of you know, of international conduct
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Speaker 3: that are current in the you know, in Christian nations,
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Speaker 3: in the Western nations, go all the way back to
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Speaker 3: ancient Greece and all this sort of thing. They don't
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Speaker 3: recognize any of that, and mutatus mutandis we're dealing with
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Speaker 3: the same kind of mentality on steroids in your own
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Speaker 3: and yet Trump's acting like this is just like another
9:18
Speaker 3: Atlantic City real estate deal or something. Yeah, well, hopefully
9:23
Speaker 3: a fifth Avenue real estate deal. And it didn't do
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Speaker 3: too well in Atlantic City. But onto other things, at
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Speaker 3: least in this hemisphere. Removed Maduro.
9:36
Speaker 2: Have retaken the Panama Canal, and we're in the process
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Speaker 2: of seeing Cuba completely melt down and basically hopefully see
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Speaker 2: the Castro clan, the totalitarians, communists, whatever you want to
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Speaker 2: call them, no longer in charge of things.
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Speaker 3: Well, yeah, we'll see. And I would note that in
9:59
Speaker 3: the case of Venezuela, it looks like the main objective
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Speaker 3: was not to actually get the communists out, because they're
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Speaker 3: still in charge of the government. They're still cracking down
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Speaker 3: the press. You know, you still can't travel the event.
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Speaker 3: Nothing's really changed in Venezuela except now they've made a
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Speaker 3: deal with us to sign over a lot of their oil.
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Speaker 3: So this is a good thing, I guess, but I'm
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Speaker 3: really kind of skeptical that things are going to change.
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Speaker 3: As for Panama, you know, well, we'll see, we'll see
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Speaker 3: what We'll see what happens there. And likewise with Cuba.
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Speaker 3: I you know, I'm seeing a lot of talk and
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Speaker 3: a lot of bluster, just like we did with Greenland,
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Speaker 3: you know. But you know, right now we're kind of
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Speaker 3: tied down because Trump can't seem to figure out what
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Speaker 3: he's actually going to do with Iran. And I get it,
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Speaker 3: you know, he he you know, he doesn't like war,
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Speaker 3: and you know he promised nothing, but he committed the
10:45
Speaker 3: country to it.
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Speaker 2: Yeah, and well, I mean, I guess the thing is,
10:51
Speaker 2: they know and we know we don't want to put
10:53
Speaker 2: boots on the ground there literally, and perhaps perhaps there's
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Speaker 2: another way that we aren't aware of at this point
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Speaker 2: that will actually lead to it.
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Speaker 3: So but we.
11:08
Speaker 2: Did get the Panama Canal back and the Chinese has
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Speaker 2: been ejected from there, so some good things happen. Well.
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Speaker 3: And I would point out too that to some extent,
11:20
Speaker 3: I mean, I know a lot of the Libertarians and
11:22
Speaker 3: maybe Ron Paul and so forth would disagree with me,
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Speaker 3: but I do think it's kind of apples and oranges
11:27
Speaker 3: talking about Middle Eastern policy in the one hand and
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Speaker 3: policy in the Western Hemisphere and the other. Because there
11:32
Speaker 3: is this thing called the Monroe doctrine. Yeah, I do
11:35
Speaker 3: agree with at least in it is early forms, it's
11:38
Speaker 3: kind of been taken and twisted and bastardized and distorted,
11:42
Speaker 3: particularly you know, Teddy Roosevelt is so called Roosevelt corollary
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Speaker 3: that transformed it into an all purpose writ for us
11:49
Speaker 3: to go in and and do regime change anywhere in
11:53
Speaker 3: any time we felt like it just because of perceived
11:55
Speaker 3: corruption or whatever. But in its original form, the idea
11:59
Speaker 3: that we have a sort of a stewardship over the
12:02
Speaker 3: Western hemisphere. Yes, mostly a passive stewardship, as it's basically said,
12:07
Speaker 3: you know, okay, we recognize that parts of the Western
12:10
Speaker 3: hemisphere are still you know, are are European, you know,
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Speaker 3: European colonies. We're not going to interfere with them. We're
12:16
Speaker 3: not saying we're going to win and fight with them,
12:19
Speaker 3: but we're going to interfere with any further attempts on
12:23
Speaker 3: the part of European powers to colonize the New World.
12:26
Speaker 3: You know, I think that was appropriate. And you know,
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Speaker 3: in recast in modern form, if old World communism as
12:35
Speaker 3: manifests in Cuba and Venezuela and Nicaragua are not a
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Speaker 3: form of Old World colonialism, I don't know what is
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Speaker 3: and and and for all of that a particularly pernicious form,
12:46
Speaker 3: you know. And yet we've been acting as though the
12:48
Speaker 3: Monroe doctrine doesn't apply. Yeah, doesn't apply to Central America.
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Speaker 3: Maybe Reagan a little bit with the support of the
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Speaker 3: Contras and so forth. But you know, and when frankly,
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Speaker 3: you know, if we had gone in and got rid
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Speaker 3: of Castro, we should have not the stupid Bay of
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Speaker 3: Pigs thing, but actually done the job ourselves. I mean,
13:08
Speaker 3: we have a military base on the island for crying
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Speaker 3: out loud. You know, if we'd done that sixty years ago,
13:14
Speaker 3: you know, hindsight being twenty twenty, I know, but we
13:16
Speaker 3: would have saw, we would have saved ourselves a great
13:19
Speaker 3: deal of anguish and trouble. And the result is, you know,
13:23
Speaker 3: that we have this problem, and I hope Trump will
13:25
Speaker 3: deal with it.
13:27
Speaker 2: I think it's being that I do believe is being
13:29
Speaker 2: dealt with, and I think the collapse is imminent from
13:34
Speaker 2: everything I've been able to glean about what's happening there. Basically,
13:40
Speaker 2: there was a meeting the commander of I guess Southcom
13:46
Speaker 2: it's called I think, was in Gitmo, and the deputy
13:52
Speaker 2: minister there met with him at the fence and they
13:57
Speaker 2: shook hands. Something that is happening there. I mean, we're
14:01
Speaker 2: going to have to go in because Steve, we put
14:04
Speaker 2: this blockade.
14:05
Speaker 3: There's going to be.
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Speaker 2: A humanitarian crisis, and that crisis will hit South Florida
14:13
Speaker 2: one way or the other. So there is no choice here.
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Speaker 2: I think it's firmly committed and hopefully they'll cry uncle
14:21
Speaker 2: before it happens and there'll be a resolution. So what
14:27
Speaker 2: about the economy? Here we get these conflicting numbers. The
14:32
Speaker 2: one thing that is happening at record speed though is AI.
14:37
Speaker 2: There might be over investment in AI or malinvestment. I'm
14:42
Speaker 2: not sure about that at this point. How many data
14:46
Speaker 2: centers do you need and how many can we really
14:49
Speaker 2: afford with the diversion of resources here.
14:53
Speaker 3: Well, I mean I think the hey, you know, Nvidia
14:55
Speaker 3: and the rest of the so called Magnificent seven probably remain,
14:59
Speaker 3: you know, as bell weathers for the whole AI thing,
15:02
Speaker 3: probably remain good investments, but they're not likely to continue
15:06
Speaker 3: to turn over those sorts of profits. I mean, I
15:09
Speaker 3: saw the other day that if Amazon dot Com, for example,
15:12
Speaker 3: were to try to replicate its run of the last
15:14
Speaker 3: five years, it would require it to become larger than
15:17
Speaker 3: the entire US economy to do that. So that's not
15:20
Speaker 3: going to happen. And that's probably the reason. For example,
15:22
Speaker 3: that in Vidias, in spite of them, you know, their
15:25
Speaker 3: recent you know, quarterly earnings report as usual exceeding market expectations,
15:32
Speaker 3: the stock actually tanked by Nvidia's standards, And the same
15:36
Speaker 3: as Truth, Google and these others, you know, they're kind
15:38
Speaker 3: of kind of off their highs. But you know, I mean,
15:42
Speaker 3: I use AI a lot. I do think AI is
15:45
Speaker 3: is only in the early stages of its potential. And
15:50
Speaker 3: in that sense, and a lot of these companies that
15:52
Speaker 3: are you know, particularly the big you know, the big names,
15:55
Speaker 3: you know, Meta and and and Nvidians are just sitting
15:59
Speaker 3: on huge piles of cash. They are not leveraged, you know,
16:02
Speaker 3: And so I think there's an enormous upside potential for growth.
16:06
Speaker 3: I'm not talking about an investing advisor. I'm just saying
16:09
Speaker 3: in terms of the economy, I think AI it kind
16:12
Speaker 3: of I think it's basically like the Internet in circa
16:15
Speaker 3: nineteen ninety five, nineteen ninety six, twenty seven, where there's
16:18
Speaker 3: still and I don't see the kind of bubble that
16:23
Speaker 3: I saw. I mean, I did a lot of investment
16:25
Speaker 3: back in the nineties when I was in graduate school,
16:28
Speaker 3: and people were buying stocks in those days that don't
16:31
Speaker 3: even have a PE because there were no earnings and
16:34
Speaker 3: they know what the PE was, most of the people.
16:37
Speaker 3: And you don't see that happening right now. I mean,
16:40
Speaker 3: pees are high. A lot of the p's are high
16:43
Speaker 3: relatively speaking, but they at least are not infinite, you know.
16:48
Speaker 2: So they're growth stocks too. Where the pees are high,
16:51
Speaker 2: they're genuine growth stocks. One thing I'm personally familiar with
16:56
Speaker 2: is AI as far as autonomous vehicles go, and I've
17:03
Speaker 2: been a Tesla owner, proud Tesla owner, not to save
17:06
Speaker 2: the planet because I don't believe that, just better driving experience.
17:11
Speaker 2: And it's really the ultimate incarnation of the automobile from
17:18
Speaker 2: the Model T or the Mercedes to now. And the
17:25
Speaker 2: autonomy has gotten so good, Steve, it's kind of scary,
17:30
Speaker 2: like it notices things that I wouldn't necessarily see because
17:35
Speaker 2: it's got eight cameras actually nine include inside the car,
17:39
Speaker 2: and it instantly can react. Now that could be a
17:42
Speaker 2: negative because has a thing about birds. Right now, if
17:46
Speaker 2: a bird flies in front of the car, it stabs
17:50
Speaker 2: the brakes, but that'll be fixed, no doubt. I've seen
17:54
Speaker 2: it evolve, is my point, over the past five years.
17:58
Speaker 2: It's spectacular now. Literally the car drives ninety six percent
18:03
Speaker 2: of the time when I'm behind the wheel, and it
18:07
Speaker 2: could drive more, but I don't really feel comfortable in
18:11
Speaker 2: certain situations, so I just take control. But ninety six
18:14
Speaker 2: percent of the time is a lot of driving I
18:19
Speaker 2: don't have to do. I could literally be doing other things.
18:23
Speaker 2: To an extent. It won't let you just text and
18:27
Speaker 2: be blind to the road, but you can text. You
18:30
Speaker 2: can sneak text.
18:32
Speaker 3: Yeah, yeah, no, I mean there's a lot more coming.
18:34
Speaker 3: I mean a few years ago, I was living in
18:36
Speaker 3: Shanghai and I used to go out to keke Nanwe,
18:40
Speaker 3: which is where Tesla's big plant home experimental facility is,
18:45
Speaker 3: and I go up there because a good place for
18:47
Speaker 3: bird watching. It's a hobby of mine. I mean, be
18:49
Speaker 3: out there watching birds, and the car come tooling past
18:52
Speaker 3: with no driver, you know, driving up the street in traffic,
18:55
Speaker 3: with this big array of antennae and stuff sitting on
18:58
Speaker 3: the roof. And this was four or five years ago,
19:00
Speaker 3: so they were already working on the technology. Then I
19:03
Speaker 3: remember thinking, my goodness, you know we're going to be
19:05
Speaker 3: we're going to be in uh you know, we're not
19:06
Speaker 3: gonna get flying cars perhaps anytime soon. But but but
19:10
Speaker 3: cars where you can basically, you know, tell it where
19:13
Speaker 3: you want to go and then sit back for three
19:15
Speaker 3: hour trip and do other stuff on your computer while
19:17
Speaker 3: the car gets you there. Is We're very close and
19:21
Speaker 3: uh and AI obviously is a huge part of that,
19:22
Speaker 3: but it's also a huge part of pharmaceuticals, you know.
19:27
Speaker 3: I mean it can sure, it can search through possible
19:31
Speaker 3: molecular structures with you know, blinding speed, far faster than
19:35
Speaker 3: than human research teams can do.
19:38
Speaker 2: Uh.
19:38
Speaker 3: And and it's a huge factor in chemical engineering and
19:42
Speaker 3: this kind of thing. I use it a lot. I mean,
19:45
Speaker 3: it's amazing what it can do.
19:46
Speaker 2: Uh.
19:47
Speaker 3: For creating illustrations. Oh yeah. And you know, Jay, I
19:50
Speaker 3: don't know that AI is ever going to replace Shakespeare,
19:53
Speaker 3: you know, great writing anymore. That's going to you know,
19:55
Speaker 3: you're going to ever have an AI version of of
19:58
Speaker 3: rem Brand, you know. But you know, but if you're
20:01
Speaker 3: not an artist like me, and you want to generate
20:03
Speaker 3: a picture for an article or a book you're writing
20:05
Speaker 3: or something like that, you know, AI does a darn
20:07
Speaker 3: good job already.
20:09
Speaker 2: It's exactly. It is amazing. I could not agree with
20:13
Speaker 2: you more. It helps, you know, it really helps, like
20:17
Speaker 2: I can write a raw book. But the part that
20:19
Speaker 2: always tied me up, which why I had six books
20:22
Speaker 2: under production until I discovered AI, was it was actually
20:28
Speaker 2: formatting it and doing the first rough edit. And you know,
20:34
Speaker 2: I find it Now I can dictate into my phone
20:37
Speaker 2: five thousand words like just talking to you, and then
20:41
Speaker 2: I can reformat that using AI and then do the
20:45
Speaker 2: final edit myself. But it enables me to write like
20:49
Speaker 2: way more effectively than I ever could before. And I've
20:53
Speaker 2: written literally six books like this book, I showed you
20:57
Speaker 2: the America's Great Parking Scam You've been, and a bunch
21:03
Speaker 2: of others, and they're actually selling on Amazon, which is
21:06
Speaker 2: really gratifying. I sold the you know, thousands of books
21:11
Speaker 2: on Amazon over the past year. I mean, you know,
21:15
Speaker 2: I guess officially an author now, you know.
21:17
Speaker 3: Wow, Yeah, that's good to hear. I'm just getting started
21:20
Speaker 3: on that myself. I have several several novels on Amazon
21:23
Speaker 3: under a under an assumed name, and we'll see how
21:26
Speaker 3: that goes. But yeah, it's it's and you know, and
21:29
Speaker 3: I know that there are concerns certainly that people will
21:32
Speaker 3: that will use as as they inevitably will you know,
21:35
Speaker 3: we'll use AI for for malign purposes, you know. But
21:39
Speaker 3: on the other hand, you know, what what does it
21:42
Speaker 3: say if you're in if you if you're a novelist
21:44
Speaker 3: and now you have the ability to write five hundred
21:46
Speaker 3: novels in a lifetime instead of fifty or something like that,
21:50
Speaker 3: that's kind of cool, I guess. So, so it's it's
21:54
Speaker 3: it we're kind of an uncharted territory where the but
21:57
Speaker 3: the same was true when you know when Gutenberg came
22:00
Speaker 3: out with the printing press, and the same was true,
22:02
Speaker 3: and you know, the first apples were you know, PCs
22:06
Speaker 3: were produced in the late seventies. I mean, it's it's
22:08
Speaker 3: another inflection point I think in human development. Now we
22:12
Speaker 3: did the New American, our most recent issue has a
22:16
Speaker 3: you know, a rather critical look at AI and particularly
22:20
Speaker 3: the AI data centers, which are concerning to a lot
22:23
Speaker 3: of people because of the IOG consumption and water and
22:26
Speaker 3: water water. However, it there is mentioning that a lot
22:30
Speaker 3: of that is a problem only because our power grid
22:35
Speaker 3: is so woefully underdeveloped thanks to literally decades of our
22:40
Speaker 3: of the left preventing us from building new plants, bringing
22:44
Speaker 3: new plants on stream, you know, and this kind of thing.
22:46
Speaker 3: So part of it's our own fault, and you know,
22:49
Speaker 3: so you know, we'll see how this goes. I suspect
22:52
Speaker 3: there'll be a lot of fighting back and forth, and
22:55
Speaker 3: as there always is. But the fact is, you know
22:57
Speaker 3: that that every industrial enterprise takes up farmland or ranch
23:03
Speaker 3: land or whatever. I mean, people's oxes are always being
23:05
Speaker 3: gored and it has to be worked out in the courts.
23:07
Speaker 3: So we'll see where it goes. But I think that,
23:10
Speaker 3: I mean, the United States has a clear lead over
23:12
Speaker 3: the rest of the world in this, in this critical technology.
23:15
Speaker 3: And yeah, I mean if you if you research what
23:20
Speaker 3: the likes of Nvidia dos it produced these incredible chips,
23:23
Speaker 3: you know, the incredible uh you know, I mean the
23:27
Speaker 3: technology involved, particularly this, I mean that this, this this
23:29
Speaker 3: latest to this vera Ruben ship of Nvidia's is is
23:33
Speaker 3: basically classified. No one even knows how the thing works.
23:37
Speaker 3: It's a magnitude more powerful.
23:38
Speaker 2: Then there's two millimeters microns thick.
23:43
Speaker 3: Oh yeah, it's it's it's insane. And the machines that
23:46
Speaker 3: they use to precision craft. These things are themselves, you know,
23:50
Speaker 3: some of the greatest marvels of tech. And people always
23:52
Speaker 3: think and the of marvel technology, I think of a
23:54
Speaker 3: space ship or something like that. But these unbelievable chip
23:57
Speaker 3: making machines, uh, you know that are very proper prietary technology.
24:01
Speaker 3: The Chinese don't have it. It's it's astounding and I
24:04
Speaker 3: think worth the cusp of a you know, just another
24:10
Speaker 3: enormous technological breakthrough because AI is literally is going to
24:16
Speaker 3: amplify human creativity. I got in ways that we have.
24:21
Speaker 3: We have no way of knowing where it's going to lead.
24:24
Speaker 3: But as far as I say it, you know, one
24:26
Speaker 3: of the problems with developing pharmaceuticals is just takes so
24:29
Speaker 3: long to go to you know, to find the right
24:32
Speaker 3: molecular structure and all arrest is. I'm not experted, but
24:35
Speaker 3: but I know there's a reason it takes years and
24:36
Speaker 3: years and years, and AI can compress that process.
24:40
Speaker 2: Into months or days even. Yeah, you know, another thing
24:45
Speaker 2: is like using the AI to root out fraud. That's
24:49
Speaker 2: what's been taking place behind the scenes. Doge kicked up
24:52
Speaker 2: a lot of dust and controversy controversy, especially from the left,
24:58
Speaker 2: because they were the direct beneficiaries of the corruption. So
25:02
Speaker 2: basically those went underground. Every agency, every department is using
25:08
Speaker 2: AI to sniff out the fraud. And I think I'm
25:15
Speaker 2: going to see the way government works over the next
25:19
Speaker 2: decade as well is going to change dramatically in ways
25:25
Speaker 2: we can't even envision. I would venture to say, the
25:28
Speaker 2: Medicaid fraud, everything else, Yes, you could theoretically have detected
25:34
Speaker 2: it without AI, but it would take months, sometimes years
25:40
Speaker 2: to sniff it out. Now, like my book on the
25:43
Speaker 2: parking scam, I uncovered it from AI. I got a
25:47
Speaker 2: ticket and I didn't remember seeing a parking sign, which
25:51
Speaker 2: is required by law, you have to have signs. And
25:54
Speaker 2: then I went back and it was a beach ball sign.
25:57
Speaker 2: I had no idea it was a parking sign. And
26:00
Speaker 2: then I studied the AI. I had AI take a
26:04
Speaker 2: picture of it, say is this a legal parking sign?
26:07
Speaker 2: And it came back no, here's what governs parking signs.
26:12
Speaker 2: And that sent me down a rabbit hole which I'm
26:15
Speaker 2: hoping to emerge from one day soon. But you know,
26:18
Speaker 2: led to a lawsuit everything else. So it's changing everything
26:22
Speaker 2: and even the practice of law is going to be
26:26
Speaker 2: dramatically altered by it.
26:28
Speaker 3: The billable hour is a.
26:30
Speaker 4: Lot fewer paralegals out there, I suspect, Yeah, well, all
26:34
Speaker 4: you really need to do things is a skilled paralegal
26:38
Speaker 4: who knows the court rules and and a lawyer to
26:43
Speaker 4: really review what it produces and make changes because it's
26:47
Speaker 4: not perfect.
26:48
Speaker 2: But it's revolutionizing the legal field and that to me,
26:53
Speaker 2: having been a being America's top recovering attorney and a
26:58
Speaker 2: practicing lawyer for thirty plus years now retired, that's really
27:03
Speaker 2: exciting as well. So so much of what you do,
27:06
Speaker 2: your everyday existence is going to be altered by AI,
27:11
Speaker 2: and perhaps it will make it so that the courts
27:14
Speaker 2: become efficient rather than you know, this is an industry,
27:18
Speaker 2: the legal industry, that has thrived on the inefficiency that
27:22
Speaker 2: it creates the billable hour. The less efficient it is,
27:28
Speaker 2: the more you build. The more you build, the more
27:33
Speaker 2: that you prosper from the inefficiency, so that legal profession itself,
27:41
Speaker 2: including the courts, had no incentive to make the system efficient. Yes,
27:47
Speaker 2: computers have helped PDF files, digitalization of paper definitely has
27:53
Speaker 2: improved it, but it's still a huge bottleneck and it's
27:57
Speaker 2: overall in many areas in US to society, the way
28:03
Speaker 2: with trial lawyers and such.
28:06
Speaker 3: So anyways, well, it's very interesting perspective. I mean it uh,
28:11
Speaker 3: and and there's no doubt that it will also be
28:14
Speaker 3: used to commit fraud ahh gechnology is and b it
28:18
Speaker 3: will be used for aligned purposes if the government thinks
28:20
Speaker 3: it can get away with it. Obviously, we're concerned about
28:23
Speaker 3: its potential for enhancing the capabilities of the already formidable
28:26
Speaker 3: panopticon state that we've erected. Uh, there's little question I
28:31
Speaker 3: think that that AI will also do that. But and
28:36
Speaker 3: so we need to be vigilant and hopefully those things
28:39
Speaker 3: will will work themselves out. There's also you know, I'm
28:41
Speaker 3: less less understood as as potent as AI is. I
28:47
Speaker 3: don't view it with quasi religious fervor the way many
28:51
Speaker 3: of the acolytes in Silicon Valley do. These technopagan types
28:55
Speaker 3: and technocrats and all these people, you know, some of them.
28:58
Speaker 3: I mean, if you look at look at their you know,
29:00
Speaker 3: their their motivation, Peter Thiel's and people like this, they're
29:05
Speaker 3: they're I mean that they they look at AI in
29:08
Speaker 3: this almost numinous way that this is going to be
29:11
Speaker 3: sort of a replacement religion. It's going to bring about
29:14
Speaker 3: a new spirituality all the time. And I and I
29:16
Speaker 3: think that that is that's also concerning, But again that
29:21
Speaker 3: that also is not new. I mean, people have been
29:22
Speaker 3: sacrilizing technology since the beginning of time, you know, since
29:26
Speaker 3: the first primitive took a sphere and spear and stuck
29:30
Speaker 3: it in the ground and painted it with colors and
29:32
Speaker 3: turned it into an emblem of the war God or
29:34
Speaker 3: something like that. So you know, so obviously we're going
29:37
Speaker 3: to see that with it. We are seeing that with AI,
29:40
Speaker 3: we're going to see you know, we're going to have
29:42
Speaker 3: issues with with with energy as far as the question
29:45
Speaker 3: of whether it's peaking, and there really is much more
29:49
Speaker 3: to be done that I think. I don't see that
29:53
Speaker 3: at all. I think that's ridiculous notion. Yeah, I think
29:56
Speaker 3: it's going to be. And obviously, I mean, I know,
30:00
Speaker 3: any people like Motley Fool are now saying, yeah, you
30:02
Speaker 3: need to get ready for the next big thing, which
30:04
Speaker 3: is going to be quantum computing starting in the middle
30:06
Speaker 3: of the next decade maybe. But AI is here now,
30:10
Speaker 3: and it's you know, the trajectory is, as far as
30:15
Speaker 3: I can tell, is ad astra for the for the
30:18
Speaker 3: for the foreseeable future, and I, for one, hope to
30:21
Speaker 3: live long enough to see some of the you know,
30:24
Speaker 3: the benefits of it, because yes, so there will be issues.
30:27
Speaker 3: It will consume enormously more energy than we have, we
30:32
Speaker 3: have than we consume right now, but that's true of
30:34
Speaker 3: all technology. Again, technology, you know, massively increases energy consumption,
30:41
Speaker 3: but the benefits that trades off. As I said, I'd
30:44
Speaker 3: almost be surprised if there weren't a major breakthrough on
30:48
Speaker 3: cure for cancer within the next ten years or so. Absolutely,
30:52
Speaker 3: AI and other diseases as well. And of course you
30:55
Speaker 3: talk about legal reforms. I hadn't thought about that, but
30:58
Speaker 3: it certainly it sounds very plangent to me, you know that.
31:01
Speaker 3: So yeah, absolutely, and.
31:05
Speaker 2: Even energy use right now, you know when electricity gets
31:09
Speaker 2: generated to ten to fifteen percent can be wasted lost
31:14
Speaker 2: going through the transmission lines. We're going to have a
31:17
Speaker 2: major energy breakthrough probably the next five years, would beat
31:22
Speaker 2: my guess.
31:23
Speaker 3: And you know, whether they've whether.
31:28
Speaker 2: They've been hiding it for us or whatever from us,
31:32
Speaker 2: whatever it is, you know, it's gonna be interesting, that's
31:38
Speaker 2: for sure.
31:38
Speaker 3: Hey, Steve, it's.
31:40
Speaker 2: Great having you on tell us how we find a
31:43
Speaker 2: New American magazine online and how we connect with you
31:47
Speaker 2: on the web.
31:49
Speaker 3: Thenewamerican dot com is our website, and I should mention
31:53
Speaker 3: also check out the John Birch Society, our sister organization
31:56
Speaker 3: JBS dot org. So the New American you can subscribe
32:01
Speaker 3: either it's a monthly magazine. You can get either digitally
32:03
Speaker 3: or if you like the old fashioned print version and
32:06
Speaker 3: get that as well. And our website also has I'm
32:09
Speaker 3: pretty proud of our website. Lately. We've been putting up
32:11
Speaker 3: a lot of good stuff daily, you know, a lot
32:13
Speaker 3: of content, a lot of new videos. We call ourselves
32:16
Speaker 3: the red Pill Publication of rel So, although the term
32:21
Speaker 3: red pill is sort of fading from the from the scene,
32:23
Speaker 3: so maybe we're going to come for a new motto.
32:25
Speaker 3: But there you go, the ultra red pill.
32:28
Speaker 2: Well, I think the AI pill artificial intelligence for the
32:34
Speaker 2: people who need it the most.
32:37
Speaker 3: Yes, well one supposes, And I mean, you know, I
32:39
Speaker 3: don't think that AI just to kind of complete the circle.
32:42
Speaker 3: I don't think AI is going to lead. I mean,
32:44
Speaker 3: people who are predisposed to let technology do everything for
32:49
Speaker 3: them are going to do that anyway. But people who.
32:53
Speaker 3: I don't think it's going to put a cramp on
32:56
Speaker 3: those who want to continue to explore and eight and
33:01
Speaker 3: in general be brilliant. I think you're going to continue
33:04
Speaker 3: to have that. And AI is going to be an
33:06
Speaker 3: incredibly powerful tool for physicists, for mathematicians, for chemists, for engineers,
33:13
Speaker 3: for lawyers, for writers, for creative people of every sort.
33:18
Speaker 3: And it's going to usher in I think, a new
33:22
Speaker 3: Golden age. But of course every golden age has its
33:24
Speaker 3: dark side, and we're gonna have to deal with that.
33:26
Speaker 3: So I couldn't agree with you more.
33:28
Speaker 2: The golden age is almost upon us, but like you say,
33:32
Speaker 2: there's negatives to everything. Questions comments for doctor Steve Bonta
33:37
Speaker 2: shoot me an email kl at Carrie LUTs dot com.
33:41
Speaker 2: The link to the New American and to the John
33:44
Speaker 2: Birch Societies in the show notes this interview on Financial
33:48
Speaker 2: Survival Network dot com. I should say it's actually on
33:51
Speaker 2: my substack. Really appreciate you coming on, Steve. We will
33:55
Speaker 2: talk to you again soon. Hey, great, Thanks Kerry, take care.
33:58
Speaker 1: Thanks for listening to carry Let's Financial Survival Network your
34:02
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34:06
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